Saint-Gobain: solid 2019 results
(CercleFinance.com) - On Thursday evening Saint-Gobain announced FY 2019 sales of 42.
573 billion euros in 2019, up 1.9% in real terms and up 2.4% in comparable terms.
The group's operating margin rose by 30 points, reaching 8% over the year, with a margin of 8.4% in H2.
Meanwhile, underlying net income came in at 1.915 billion euros, up significantly (+10%). Net income (Group share) was 1.4 billion euros in 2019, up 254.2%.
In 2020, the grouop targets new LFL growth in its operating profit, albeit with uncertainties surrounding the impact of the coronavirus, Saint-Gobain said regarding its outlook.
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